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governor romney, he came into this wanting to make it a referendum on president obama's stewardship of the economy, and very quickly it became about his own economic ideology and it became a choice between paul ryan and mitt romney and president obama and vice president biden's very different visions of our economic future. and so we're going to see that teased out again in the debate. i mean, those poll numbers are pretty locked in six weeks out. >> governor ed endell and alicia menendez, thank you for your time tonight. >> thank you. >> thanks, rev. >>> still ahead, eric cantor and the tea party were going to change washington. now they're hiding from their records. but we won't let them. that's next. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> still ahead, eric cantor and the gang just love pushing that right wing agenda of theirs. but voters, yeah, let's just say they didn't find it as c
governor romney, he came into this wanting to make it a referendum on president obama's stewardship of the economy, and very quickly it became about his own economic ideology and it became a choice between paul ryan and mitt romney and president obama and vice president biden's very different visions of our economic future. and so we're going to see that teased out again in the debate. i mean, those poll numbers are pretty locked in six weeks out. >> governor ed endell and alicia...
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the economy is still growing slow. as a matter of fact, it's growing much more slowly now than when you made the statement. if you believe the same thing, you don't want to raise taxes on people. and the reality is, it's not just wealthy people, not just donald trump are you taxing. it's all the businesses that employ one quarter of the workers in america, that are taxes as individuals. you raise taxes and you kill jobs. that's why the national federation of independent businesses say your plan will kill 700,000 jobs. i don't want to kill jobs in this environment. i want to make one more point. >> let him answer the tax thing for a moment. >> okay. >> mr. president. >> well, we've had this discussion before. >> well, in order -- about the idea to reduce the deficit, there has to be revenue in addition to cuts. >> there has to be revenue in addition to cuts. >> mr. romney has rule out revenue. >> look, the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth and balanc
the economy is still growing slow. as a matter of fact, it's growing much more slowly now than when you made the statement. if you believe the same thing, you don't want to raise taxes on people. and the reality is, it's not just wealthy people, not just donald trump are you taxing. it's all the businesses that employ one quarter of the workers in america, that are taxes as individuals. you raise taxes and you kill jobs. that's why the national federation of independent businesses say your plan...
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i think he needs to take it head on and talk about the economy. the jobs we have not created ore the last four years. take it right to barack obama and try to turn this question into an offensive against barack obama's economy over the last four years. i think that's the best chance he's got. i think he needs to be careful of sometimes with the question everybody nows you're going to get, you kind of practice it and practice it and instead of it being a heartfelt question, it becomes a robotic response. >> maybe you get a little preview of it because the romney campaign released it directly looking into the campaign video. let me play a little clip of that. >> more americans live in poverty than when president obama took office. we should measure our compassion by how many of our fellow americans are able to get good paying jobs. not by how many are on welfare. >> governor rendell, we've kind of gotten this prevau that they plan to emphasize different numbers. numbers about the economy they think will make americans think twice about whether the p
i think he needs to take it head on and talk about the economy. the jobs we have not created ore the last four years. take it right to barack obama and try to turn this question into an offensive against barack obama's economy over the last four years. i think that's the best chance he's got. i think he needs to be careful of sometimes with the question everybody nows you're going to get, you kind of practice it and practice it and instead of it being a heartfelt question, it becomes a robotic...
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>> the economy will be better, but it's a question of how much better. let's not forget obama promised if he enacted his so-called stimulus, by today, the unemployment rate would be down to 5.5%. so, something's gone wrong. if you look at the minneapolis federal reserve website, there's an interactive feature that allows you to look at all the the business cycles since world war ii. it's the worst jobs performance of any president? >> let's move on. go ahead. jump in. >> you know what the problem was with that promise? they should have never made that. promises get people elected. promises get things passed, so now mitt romney says i'm going to create 12 million jobs over four years. 250,000 jobs a month. a ridiculous claim and what does the obama campaign do because morning in america sounds better than evening in america, the obama campaign says there's that's a low bar. we can do that, too. >> briefly here, you mentioned the idea of a conspiracy theory. this is the white house trying to mix it up. you don't buy that at all. >> not a little bit. bureau
>> the economy will be better, but it's a question of how much better. let's not forget obama promised if he enacted his so-called stimulus, by today, the unemployment rate would be down to 5.5%. so, something's gone wrong. if you look at the minneapolis federal reserve website, there's an interactive feature that allows you to look at all the the business cycles since world war ii. it's the worst jobs performance of any president? >> let's move on. go ahead. jump in. >> you...
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care, one segment on the role of economy. no question on vintage youtube clips which is a total bummer to those on the right hoping for more of this. it is teed up to be a debate about big ideas. is mitt romney going to deliver? >> i am sure that part of the reason this video is out there, just the day before, is to give romney the opportunity to, perhaps, reference it when you talk about the role of government, when you talk about the economy, he's got some phrases he likes to use about more people being on welfare and all of that, so i would imagine we'll hear some of that. i actually disagree with something mark said. i think this was very much a play for the base. even our nbc news poll, 23% of people said, that 47% comment made them like mitt romney better. so there are people out there who agree with those comments. >> aren't they locked up already? that's a question -- >> no. because remember we've also seen reuters has had the polling and a lot of polling that show some low-income southern whites are thinking he's too
care, one segment on the role of economy. no question on vintage youtube clips which is a total bummer to those on the right hoping for more of this. it is teed up to be a debate about big ideas. is mitt romney going to deliver? >> i am sure that part of the reason this video is out there, just the day before, is to give romney the opportunity to, perhaps, reference it when you talk about the role of government, when you talk about the economy, he's got some phrases he likes to use about...
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than the rest by this softer economy. and so i would do what governor romney has been doing and that is continue to address the base issues. this is an election that has to look at how well we have done over the last four years. president obama was elected with this hope and this vision for change. and we have seen change actually for the worst. i think it is very fair to look at his record and say here is what he said four years ago and here is what he hasn't accomplished. so obviously a lot of tonight is going to be about president obama's record, just since four years ago president obama was looking back at the record of those he wanted to replace. >> former republican governor out here. thanks for coming on this. >>> the monthly private payrolls report is out today. markets are just opening. let's get to the market run down. becky quick is here on the other side of the camera. >> i like this. >> private payroll, adp. mid 100s. does it tell us anything? >> 162 is better than the street has been expecting. adp does payr
than the rest by this softer economy. and so i would do what governor romney has been doing and that is continue to address the base issues. this is an election that has to look at how well we have done over the last four years. president obama was elected with this hope and this vision for change. and we have seen change actually for the worst. i think it is very fair to look at his record and say here is what he said four years ago and here is what he hasn't accomplished. so obviously a lot...
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back, keep the economy moving in the right direction. the labor market is clearly improving. frankly, many of us -- i'm sure the president as well would like to see it improving more quickly. but it's unquestionably a recovery, unquestionably moving in the right direction. should it be moving there more quickly? would we like to see that? absolutely. but no question there's positive momentum. >> economists and the cbo have given the projection of roughly 12 million jobs to be added over the next four years. this was the big talking point for mitt romney is he will create these jobs during his presidency. but this is already an established number. that this is coming on the economic path that we're already on. >> effectively, yes. and the private economists and the cb o economists in their budget estimates have put this number out there. and, yeah, the path would allow for that, although we've only recaptured 5 million jobs of the 8 million lost in the recession in the last three or four years. so we don't know what that number is actuall
back, keep the economy moving in the right direction. the labor market is clearly improving. frankly, many of us -- i'm sure the president as well would like to see it improving more quickly. but it's unquestionably a recovery, unquestionably moving in the right direction. should it be moving there more quickly? would we like to see that? absolutely. but no question there's positive momentum. >> economists and the cbo have given the projection of roughly 12 million jobs to be added over...
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i think he has to be very, very tough, very, very forthright and talk about jobs and the economy. he has to talk about what china is doing to us. talk about what opec is doing to us and gasoline prices and other things. but those should be and that should be the focus. >> greta: all right. two other tweets that you had. one earlier today, where you mentioned the chinese and say they are hacking white house computers. why not? they already own the place. that's the first one. the second one has to do with this solo power. it says that president obama loves waving our money. he made a guarantee of $197 million to a solar company, cronyism. why do you say that? >> well, it is. if you look at the people -- whether it's solyndra, they are big supporters of his, i would say that cronyism. solyndra was $500 million plus. you are talking about tremendous cronyism, the owner of the company, everybody that was involved was involved with the white house, many visits to the white house. as far as china, you look at what they are doing -- i mean, we owe them much more than $twenty1 trillion, a
i think he has to be very, very tough, very, very forthright and talk about jobs and the economy. he has to talk about what china is doing to us. talk about what opec is doing to us and gasoline prices and other things. but those should be and that should be the focus. >> greta: all right. two other tweets that you had. one earlier today, where you mentioned the chinese and say they are hacking white house computers. why not? they already own the place. that's the first one. the second...
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there's also growing optimism about the economy. 57% say it's improving. that's the highest number this poll has recorded on this question. one thing not going the president's way here, his handling of the situations in egypt and libya. more people disapprove than approve on that question. as for mr. romney, it appears he's still paying for the comments about the 47%, 51% of respondents to this nbc poll say recent impressions made by the republican candidate make him less favorable. they view him less favorably. 28% say more favorably. >>> both presidential candidates were off the trail as they prepared for tonight's debate. the president spent the past couple of days working with his team in nevada. took a quick break to visit the hoover dam. why not while you're there. mitt romney was in colorado where he grabbed a burrito bowl at a local chipotle. he stopped to pose for pictures with this staff of the restaurant. love the guy on the right. amazing. presidential candidates spending most of their days in debate mode. it was up to the running mates to do t
there's also growing optimism about the economy. 57% say it's improving. that's the highest number this poll has recorded on this question. one thing not going the president's way here, his handling of the situations in egypt and libya. more people disapprove than approve on that question. as for mr. romney, it appears he's still paying for the comments about the 47%, 51% of respondents to this nbc poll say recent impressions made by the republican candidate make him less favorable. they view...
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that basically make his case for what he's doing with the economy. sure he says nice things about teachers and some other stuff. infrastructure in a vague way but there was no boom, boom, boom. romney had that five-point plan to start with. it was effective. and then another five points. >> the preparation wasn't good enough. it wasn't that they didn't practice enough they didn't have a strategy for the debate. >> and they needed to execute -- >> all three of you one at a time. what do you think romney went in there to do tonight? what was his plan? >> his plan was to seem more moderate. to seem more specific. remember, he knew he'd be under attack for not being specific enough. and be being kind of wonky, he kind of blunted that attack of the president. and he also needed to seem confident and presidential and he achieved that. obama did not achieve his objectives. >> what was romney's plan. >> i saw a human side. for the first time i saw a human side. he came out of the gate, i knew this woman. this is her story. we haven't seen this. >> for a guy
that basically make his case for what he's doing with the economy. sure he says nice things about teachers and some other stuff. infrastructure in a vague way but there was no boom, boom, boom. romney had that five-point plan to start with. it was effective. and then another five points. >> the preparation wasn't good enough. it wasn't that they didn't practice enough they didn't have a strategy for the debate. >> and they needed to execute -- >> all three of you one at a...
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there are a lot of people in the underground economy that would be brought above ground with amnesty program. i estimate a federal, state and local tax amnesty program would raise about $800 billion in 90 days. you can also sell some assets off. camped person -- camp pendleton is 500 square miles in california. why not sell it? >>neil: my point, when you say it is too big to handle, you are missing the point, you cannot cut $16 trillion debt but you can boom your way from it. we are losing sight and what bill clinton learned in 1993, 1994, if you present a plan that looks credible like you want to reverse the direction, sometimes that creates a boom in and of itself and inspires confidence in the market that has little confidence right now. i blame both parties, by the way. if you give them a guidepost and show you have now planted your plan, you will be off to the races. i hope and i want to see that tomorrow night. will i? >>guest: i don't know if you will or not. i have been waiting for romney to come hitting the growth agenda and low rate flat tax-and-spending reductions and the
there are a lot of people in the underground economy that would be brought above ground with amnesty program. i estimate a federal, state and local tax amnesty program would raise about $800 billion in 90 days. you can also sell some assets off. camped person -- camp pendleton is 500 square miles in california. why not sell it? >>neil: my point, when you say it is too big to handle, you are missing the point, you cannot cut $16 trillion debt but you can boom your way from it. we are...
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the economy right now? is there too much? mr. president, should there be more? this is not in -- this is a two- minute segment to start. >> regulation is essential. you cannot have a free market work if you do not have regulation. i need to know the regulations. you cannot have people opening of things in their garage and making loans. you have to have regulations for an economy to work. regulation can become excessive. >> is it excessive now? where? >> in some places. with some of the legislation passed during the president's term, it has become excessive. it has hurt the economy. for example, dr. frank -- dod rank -- dod -frank dissipates banks too big to fail. this is an enormous boon for new york banks. there have been 122 community and small banks have close since dodd-frank. >> you want to repeal dodd- frank? >> i would repel and replace it. there are some parts that make all of t sense in the world. in a transparency, the average once -- leverage lemons. --limits. >> of us to let him respond to this
the economy right now? is there too much? mr. president, should there be more? this is not in -- this is a two- minute segment to start. >> regulation is essential. you cannot have a free market work if you do not have regulation. i need to know the regulations. you cannot have people opening of things in their garage and making loans. you have to have regulations for an economy to work. regulation can become excessive. >> is it excessive now? where? >> in some places. with...
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every free economy has good relati regulation. >> every good economy has good regulation. great point. why don't you tell to this guy. >> if i'm the president of the united states, we're going to rein back the regulations. we're not going to expand regulation. >> burdensome regulations serve only to restrict freedom and imperil enterprise. >> you see, last night as i watched the debate, many people that i work with, many people that i know in and around the country, were worried about whether the president was on his game. i was being ensuggested when someone can tell me something for 18 months and then tell me in one night the complete opposite, and i'm not going to get offended, when someone can tell me they're going to deregulate and then come back and tell me they're going to regulate, someone's going to tell me they'll take health care, they don't care about people with pre-existing conditions and then change it, when someone stands up and said i want state's rights on health care and everything else, women, minorities and others will hear health care and other things
every free economy has good relati regulation. >> every good economy has good regulation. great point. why don't you tell to this guy. >> if i'm the president of the united states, we're going to rein back the regulations. we're not going to expand regulation. >> burdensome regulations serve only to restrict freedom and imperil enterprise. >> you see, last night as i watched the debate, many people that i work with, many people that i know in and around the country, were...
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i think they've heard a lot about the economy. and they're not interested in the minutia. >> governor, let me get your take on style versus substance. and can you really coach style? i mean, maybe you can say don't look at your watch, but aren't these guys who they are by now? >> i think a lot of it comes down to whether or not the candidates look like they're comfortable in their own skin. i think the president certainly does. and it's been perhaps more difficult for governor romney because he's had to change positions a number of times throughout the campaign. >> well, that's the democratic talking point. having said that, do you think that this is -- the debates are a lot about who would you rather have a beer with? who would you like to have lunch with? >> my sense is the debate is about who has the better vision for the country's future. who really understands the challenges. who's got the right plan and who's likeliest to make it happen. >> what do you think the biggest challenge is for the president? in bloomberg, al hunt s
i think they've heard a lot about the economy. and they're not interested in the minutia. >> governor, let me get your take on style versus substance. and can you really coach style? i mean, maybe you can say don't look at your watch, but aren't these guys who they are by now? >> i think a lot of it comes down to whether or not the candidates look like they're comfortable in their own skin. i think the president certainly does. and it's been perhaps more difficult for governor...
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there's a lot of issues for the economy of the president to have on his mind. he can't just campaign and debate prep. he's the president of the united states. he has to weigh things on his mind. who knows what's on his mind at that particular point in time. i don't want to make excuses for him but to suggest he's lazy. president obama does more before 6:00 a.m. than john sununu will do in a month. he's the president of the united states and he has a lot of work to do -- >> professor, i think most people would agree that the president does more in his sleep than john sununu. karen finney, what was underneath this, referring to the president as lazy and a pizza boy? >> well, this is what we have seen time and again from the conservatives in terms of the lack of respect for this president. they have really demeaned the office of the presidency. you had a prominent conservative writer earlier this week essentially say the only reason, the only excuse possible as to why barack obama could be ahead in the polls is because he's black. i mean, this -- you also had john
there's a lot of issues for the economy of the president to have on his mind. he can't just campaign and debate prep. he's the president of the united states. he has to weigh things on his mind. who knows what's on his mind at that particular point in time. i don't want to make excuses for him but to suggest he's lazy. president obama does more before 6:00 a.m. than john sununu will do in a month. he's the president of the united states and he has a lot of work to do -- >> professor, i...
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every free economy has good regulations. at the same time, it could be become excessive. >> is it engs cessive now? >> in some places. and out of date. in some legislation passed during the president's term, have you seen regulation become excessive and it's hurt the economy. let me give you an example. dodd frank passed and includes within it a number of provisions that i think has a number of consequences. banks too big to fail. this is the billinge ebiggest k york banks i have ever seen. 122 community and small banks have closed since dodd-frank. there is one example. >> you want to repeal dodd-frank? >> repeal and replace it. we're not getting rid of all regulation. there are some parts of dodd-frank that make all the sense in the world. you need transparency, you need to have leverage limits for -- >> here is the specific -- >> excuse me. >> let's talk about the big one. >> no, let's not. let's let him respond, let's let him respond to dodd frank and what the governor said. >> i think this is a great example, the reason
every free economy has good regulations. at the same time, it could be become excessive. >> is it engs cessive now? >> in some places. and out of date. in some legislation passed during the president's term, have you seen regulation become excessive and it's hurt the economy. let me give you an example. dodd frank passed and includes within it a number of provisions that i think has a number of consequences. banks too big to fail. this is the billinge ebiggest k york banks i have...
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they are doing just fine in this economy. the people having a hard time right now are middle income americans. they have been buried. they are just being crushed. middle income americans have seen their income come down by $4,300. this is a tax in and of itself i'll call it the economy tax. it has been crushing. at the same time gasoline prices have doubled under the president, electric rates are up food prices are up health care costs have gone up by $2,500 a family. middle income families are being crushed. and the question is how to get them going again, and i described it energy trade, the right kind of training programs balancing our budget, and helping small business. but the president mentioned a couple of other ideas. first education. i agree. education is key. but our training programs right now, we have 47 of them housed in the federal government reporting to eight different agencies, we have got to get those dollars back to the states and go to the workers so they can create their own pathways to get in the trainin
they are doing just fine in this economy. the people having a hard time right now are middle income americans. they have been buried. they are just being crushed. middle income americans have seen their income come down by $4,300. this is a tax in and of itself i'll call it the economy tax. it has been crushing. at the same time gasoline prices have doubled under the president, electric rates are up food prices are up health care costs have gone up by $2,500 a family. middle income families are...
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the 873,000 jobs in the household survey is the strongest economy since 1983. i don't think you can find an economist, there were 25 of them this morning that predicted 8.1% to 8.2%, but they did predict 114,000 jobs. we got 114,000 jobs, and somehow the assumptions ended up at 7.8%. >> well, let me get back to your tweet this morning. it must be embarrassing for to you do a tweet now after the power you used to have. i mean, tweeting, doesn't seem like something i'd hear from jack welch and i mean it. here you put out the word, unbelievable jobs number, fair enough. these chicago guys will do anything so they changed the numbers. what evidence do you have that they got to the bls? >> i have no -- >> that the chicago guys got to the bureau of labor statistics and jimmied these numbers by 0.3%. >> i have no evidence to prove that. i just raise the question. >> you didn't raise the question. you said these chicago guys will do anything so they changed the number. you were asserting here in your tweet that you put out at 8:35 this morning, five minutes after the r
the 873,000 jobs in the household survey is the strongest economy since 1983. i don't think you can find an economist, there were 25 of them this morning that predicted 8.1% to 8.2%, but they did predict 114,000 jobs. we got 114,000 jobs, and somehow the assumptions ended up at 7.8%. >> well, let me get back to your tweet this morning. it must be embarrassing for to you do a tweet now after the power you used to have. i mean, tweeting, doesn't seem like something i'd hear from jack welch...
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the economy is an individual experience. you think things are getting better and you know if you have a full time or part time job. you have a white board with you this morning. let's point out some things on that. >> let's remember this. president obama on three measures have numbers that are worst than presidents that lost re-election, carter and bush 41. 7.8% unemployment today, that is higher than the unemployment rate under george h.w. bush of 7.6% an lost re-election. the second quarter gdp number, 1.3%, that is lower than the 4.3% that bush 41 had and he lost. the workforce participation right of 3.36 is lower than what jimmy carter had. president obama's numbers are below every president who has got even reelected and slightly above those of the presidents who got defeated. the question is, is he going to be the bottom of the guys who win or the top of the guys who lose? martha: good question and good white board. we need our glasses some of us to get a close look at that one, but we appreciate all the numbers there.
the economy is an individual experience. you think things are getting better and you know if you have a full time or part time job. you have a white board with you this morning. let's point out some things on that. >> let's remember this. president obama on three measures have numbers that are worst than presidents that lost re-election, carter and bush 41. 7.8% unemployment today, that is higher than the unemployment rate under george h.w. bush of 7.6% an lost re-election. the second...
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economy, a 12-point advantage. taxes, 9-point advantage. across the board. >> i think those polls are snap polls of people who watch the debate. so i think that this -- i really do think that it will take a while to set in. you know, we have to know who watched the debate and who didn't watch. you know, we have other debates to come. but, you know, listen, i'm not suggesting that the president had a good night last night. i think he seemed very disengaged. he seemed very slow to react. and romney was, you know, had a -- from a theatrical perspective, had a terrific evening. >> you tweeted out, which was your only tweet, no offense whatsoever. >> yeah. >> so you agree. >> i found the thing that was most surprising was that the president really seemed to have no offense. he seemed to kind of just sit there and no matter what governor romney said, and i think there was some substantial factual inaccuracies in his presentation which we're going it hear a lot about today, but the president just seemed to, you know, just sort of sit there and tak
economy, a 12-point advantage. taxes, 9-point advantage. across the board. >> i think those polls are snap polls of people who watch the debate. so i think that this -- i really do think that it will take a while to set in. you know, we have to know who watched the debate and who didn't watch. you know, we have other debates to come. but, you know, listen, i'm not suggesting that the president had a good night last night. i think he seemed very disengaged. he seemed very slow to react....
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economists expected the economy added a less than stellar 115,000 jobs last month. the next jobs report comes out just four days before the election. >> will be an important one. all right, brian. thanks. >>> now here's your first look at some of the other news going on around america today. we're going to begin in new jersey with one family's dramatic escape from a fast-moving fire. the surveillance camera was rolling when a mother and her five kids jumped from their third-floor apartment. luckily there was a few good samaritan there is. they helped soften their landings. >>> next to utah where it turns out man's best friend was behind a suspected burglary. this is bizarre. when bruce's cell phone received a call from his home phone, he heard scratching and banging. he thought he was being robbed and called police. the officers didn't find anyone in his house. bruce later found out his dog got ahold of the phone and hit the redial button. >>> finally, folks in rhode island are putting the finishing touches on a spectacular celebration of halloween. thousands of jac
economists expected the economy added a less than stellar 115,000 jobs last month. the next jobs report comes out just four days before the election. >> will be an important one. all right, brian. thanks. >>> now here's your first look at some of the other news going on around america today. we're going to begin in new jersey with one family's dramatic escape from a fast-moving fire. the surveillance camera was rolling when a mother and her five kids jumped from their third-floor...
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most of it, though, john, is going to be on the economy. there's going to be three segments to focus on the economy. one segment on foreign policy. one segment on the role of governing and one segment on the role of government in people's lives, john. so how this is going to be set up is that the candidates will be sitting at podiums. if you're looking at your tv screen, mitt romney on your left, president obama on your right. the first question tonight, john, goes to barack obama. >> well, will they have a chance to mix it up and rebutt each other in a free-flowing way. >> organizers hope to have a flee-flowing discussion. this is the kind discussion we like to see because it allows the two candidates to discuss it amongst themselves. if there are questions about each other's plans, they can directly ask each other that. we have not seen that in this campaign and we'll see it tonight. >> you said the economy will likely be the big subject in the debate tonight. we have new polling to give a sense of what voters are saying about this right
most of it, though, john, is going to be on the economy. there's going to be three segments to focus on the economy. one segment on foreign policy. one segment on the role of governing and one segment on the role of government in people's lives, john. so how this is going to be set up is that the candidates will be sitting at podiums. if you're looking at your tv screen, mitt romney on your left, president obama on your right. the first question tonight, john, goes to barack obama. >>...
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well, the economy still growing so. as a matter of fact, going much more slowly now than when he made that statement. so if you believe the same thing can you just don't want to raise taxes on people. the reality is it's not just wealthy people. it's not just donald trump you are taxing. it's all those businesses that employ one quarter of the workers of america. small businesses taxed as individuals. you have raise taxes any skill jobs. that's why the national federation of independent business said your plan will kill 700,000 jobs. i want to kill jobs in this environment. i'll make one more point. >> moderator: let's go to the taxes thing for a moment. mr. president. obama, well, we've had this discussion before. >> moderator: in order to reduce the deficit, there has to be revenue in addition to cuts. obama: governor romney has ruled out revenue. romney: look, the revenue i get is by more people working, getting higher pay, pay more taxes. that's how we get growth and balance the budget. the idea of taxing people mor
well, the economy still growing so. as a matter of fact, going much more slowly now than when he made that statement. so if you believe the same thing can you just don't want to raise taxes on people. the reality is it's not just wealthy people. it's not just donald trump you are taxing. it's all those businesses that employ one quarter of the workers of america. small businesses taxed as individuals. you have raise taxes any skill jobs. that's why the national federation of independent...
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for the president that means talking about the economy, how things are still difficult but the economy is i a much better place and heading in a much better direction. for romney it will be talking about the president's failed promises and perhaps a preview of that we saw yesterday with the help of vice president biden while he was out on the campaign trail. he was describing how middle class americans will be hurt under mitt romney. and then he sort of put -- framed their plight over the last four years this way. >> this is deadly earnest. how they can justify, how they can justify raising taxes on the middle class has been buried the last four years. how in lord's name can they justify raising taxes with these tax cuts? >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states. of course the middle class has been buried. they're being buried by regulations. they're being buried by taxes. they're being buried by borrowing. t
for the president that means talking about the economy, how things are still difficult but the economy is i a much better place and heading in a much better direction. for romney it will be talking about the president's failed promises and perhaps a preview of that we saw yesterday with the help of vice president biden while he was out on the campaign trail. he was describing how middle class americans will be hurt under mitt romney. and then he sort of put -- framed their plight over the last...
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between 1950 and 1970, the economy grew at a rate of 3.9%. and this, when the average top marginal tax rate was 84.9%. now, compare this with the period from 1987 to the year 2010, when the average tax rate was just 36.4%. the economy grew at a far less robust rate of just 2.9%. we keep being told that mr. romney's been rehearsing his zingers. but let's hope that he's not going to use that line from president clinton, it's the economy, stupid, because the easiest response to that is, we know who's stupid when it comes to the economy. thanks so much for watching. thank you to the university of denver for hosting us. and to all of you watching at home. my colleague, chris mathews is also here in denver. he picks things up with "hardball." two years ago, the people of bp made a commitment to the gulf. and every day since, we've worked hard to keep it. bp has paid over twenty-three billion dollars to help people and businesses who were affected, and to cover cleanup costs. today, the beaches and gulf are open for everyone to enjoy -- and many are
between 1950 and 1970, the economy grew at a rate of 3.9%. and this, when the average top marginal tax rate was 84.9%. now, compare this with the period from 1987 to the year 2010, when the average tax rate was just 36.4%. the economy grew at a far less robust rate of just 2.9%. we keep being told that mr. romney's been rehearsing his zingers. but let's hope that he's not going to use that line from president clinton, it's the economy, stupid, because the easiest response to that is, we know...